South Korean Conglomerate LG Group Chairman Koo Bon-moo Dies at Age 73 from Illness

South Korean Conglomerate LG Group Chairman Koo Bon-moo Dies at Age 73 from Illness

LG Group Chairman, Koo Bon-moo has died at the age of 73 on the 2oth May 2018, after battling a brain disease for over a year and opting not to be on life support.

” South Korean Conglomerate LG Group Chairman Koo Bon-moo Dies at Age 73 from Illness “

Koo Bon-moo is the 3rd generation family member of LG Group and with estimated net worth of more than $2 billion, becoming the chairman of LG at the age of 50 in 1995. Founded in 1958, the group was renamed from Lucky Goldstar to LG in 1995 after a corporate merger. Koo Bon-moo led LG Group to become the 4th largest South Korean conglomerate and one of South Korean most successful company internationally alongside Samsung. Today, LG Electronics is a global leader and technology innovator in consumer electronics, mobile communications and home appliances, employing 75,000 people working in 118 locations around the world.

The new chairman will be Koo Kwang-mo, a 4th generation of LG Group’s controlling family. The now decreased Koo Bon-moo has adopted Koo Kwang-mo from his younger brother Koo Bon-neung in 2004, after his only son had died in a car accident.